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Algoma Steel Group ( (TSE:ASTL) ) just unveiled an announcement.
On June 24, 2025, Algoma Steel Group Inc. announced the results of its annual meeting of shareholders, where all nominated directors were elected. Additionally, Deloitte LLP was appointed as the company’s auditors for 2025, and an advisory resolution on executive compensation was approved. These outcomes reflect the company’s ongoing commitment to governance and strategic development, reinforcing its position as a key player in the North American steel industry.
The most recent analyst rating on (TSE:ASTL) stock is a Hold with a C$8.00 price target. To see the full list of analyst forecasts on Algoma Steel Group stock, see the TSE:ASTL Stock Forecast page.
Spark’s Take on TSE:ASTL Stock
According to Spark, TipRanks’ AI Analyst, TSE:ASTL is a Neutral.
Algoma Steel Group’s overall stock score is driven by financial challenges and valuation concerns. However, positive technical indicators and strategic advancements, such as the EAF project nearing completion, provide some optimism. Earnings call insights suggest potential for operational improvements despite market challenges.
To see Spark’s full report on TSE:ASTL stock, click here.
More about Algoma Steel Group
Based in Sault Ste. Marie, Ontario, Canada, Algoma Steel Group Inc. is a fully integrated producer of hot and cold rolled steel products, including sheet and plate. The company serves various sectors such as automotive, construction, energy, defense, and manufacturing, and is the only producer of discrete plate products in Canada. Algoma is committed to environmental stewardship, modernizing its facilities, and adopting electric arc technology to reduce carbon emissions.
Average Trading Volume: 338,352
Technical Sentiment Signal: Hold
Current Market Cap: C$993.7M
See more data about ASTL stock on TipRanks’ Stock Analysis page.